Part 2 - Details and Expected Performance for Output Expenses
Part 2.1 - Departmental Output Expenses
Administration of Crown Borrowing PLA (M31)
Scope of Appropriation
This appropriation is limited to expenses incurred in connection with administering borrowing by the Crown, as authorised by section 61(1) of the Public Finance Act 1989.
Expenses and Revenue
| 2011/12 | |||
|---|---|---|---|
| Estimates $000 | Supplementary Estimates $000 | Total $000 | |
| Total Appropriation | 5,276 | (902) | 4,374 |
| Revenue from Crown | 5,178 | (902) | 4,276 |
| Revenue from Other | 98 | - | 98 |
Reasons for Change in Appropriation
This reduction reflects lower costs of administering Crown borrowing due to the strong New Zealand dollar in 2011 and reduced costs for personnel and financial information.
